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Last $0.09 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 08/12/15 All times are local (Market data is delayed by at least 15 minutes).

galane gold ltd (GGGOF) Snapshot

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09/2/14 - $0.28
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07/27/15 - $0.07
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galane gold ltd (GGGOF) Details

Galane Gold Ltd. is engaged in the exploration for, development of, and operation of gold mining properties in Botswana. It primarily holds interest in the Mupane Property, which is located on the Tati greenstone belt in the Northeastern Province of Botswana in southern Africa. The company is headquartered in Toronto, Canada.

200 Employees
Last Reported Date: 04/7/15

galane gold ltd (GGGOF) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$388.2K
Interim Chief Financial Officer
Total Annual Compensation: C$32.2K
Chief Operating Officer
Total Annual Compensation: C$298.8K
Chief Geologist and Director
Total Annual Compensation: C$287.1K
Compensation as of Fiscal Year 2014.

galane gold ltd (GGGOF) Key Developments

Galane Gold Ltd. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015

Galane Gold Ltd. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported net loss of $1,969,368. Cash out-flows from operating activities were $789,477. For the quarter, the company produced 5,030 ounces of gold. Total ore mined of 97,722 tonnes at an average grade of 1.55 grams per tonne. Total ore milled of 158,765 tonnes at a head grade of 1.41 grams per tonne.

Galane Gold Ltd., Annual General Meeting, Jun 29, 2015

Galane Gold Ltd., Annual General Meeting, Jun 29, 2015., at 11:00 US Eastern Standard Time. Location: offices of Aird & Berlis LLP. Agenda: To receive the audited financial statements of the Corporation for the financial year ended December 31, 2014, together with the report of the auditor thereon; to elect the directors of the Corporation; to appoint KPMG LLP, Chartered Accountants, as auditor of the Corporation for the ensuing year and to authorize the directors of the Corporation to fix its remuneration; to consider and, if thought appropriate, pass, with or without variation, a resolution approving the Corporation's rolling stock option plan, as more fully described in the accompanying management information circular dated May 19, 2015; and to transact such other business as may properly be brought before the Meeting or any adjournment or adjournments thereof.

Galane Gold Ltd. Announces Financial and Production Results for the Year Ended December 31, 2014; Provides Cash Flow Guidance for the Year 2015

Galane Gold Ltd. announced financial and production results for the year ended December 31, 2014. For the year, the company reported net earnings after tax of $1,876,608. For the year, the company produced 30,791 ounces of gold. Production during the year was affected by the failure of the SAG mill motor which has now been resolved. The company was covered for the failure under its business interruption insurance and has agreed to a final claim with its insurers for $1.8m after deductible ($0.8 million had been paid at the year-end). Total ore mined of 594,649 tonnes at an average grade of 1.76 grams per tonne. Total ore milled of 745,195 tonnes at a head grade of 1.69 grams per tonne. The company provided cash flow guidance for the year 2015. The company expects that cash position will decline in the next two quarters as the company fund development, but based on current mine plan the company expects to be cash flow positive in 2015.


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